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Prada tops Lyst Index for first time, Saint Laurent bag is top product

Prada tops Lyst Index for first time, Saint Laurent bag is top product

Prada hit something of a low just a few years ago due to the pandemic. But its impressive recovery was underlined on Thursday as the latest instalment of the Lyst Index showed it as the hottest brand in the world.
Fashion
Tapestry announces new ESG strategy, goals for 2023

Tapestry announces new ESG strategy, goals for 2023

The company’s 10th report introduces the ‘Fabric of Change’, Tapestry’s updated ESG strategy including new goals to match its ambitions, starting with new science-based targets. 
Luxury
Care & repair arrives at Net-A-Porter, Mr Porter and The Outnet in The Seam deal

Care & repair arrives at Net-A-Porter, Mr Porter and The Outnet in The Seam deal

​In another sign that repair is one of the key trends for 2023, YNAP said its in-season and off-price e-tailers Net-A-Porter, Mr Porter and The Outnet are launching their first dedicated customer care & repair offers.
Fashion
UK's competition body investigates Richemont-Farfetch deal for YNAP

UK's competition body investigates Richemont-Farfetch deal for YNAP

The UK’s Competition and Markets Authority (CMA) is looking into Farfetch’s purchase of a stake in Yoox Net-A-Porter, owned by Swiss luxury goods group Richemont, claiming it might reduce competition in the UK market.
Fashion
Lanvin Group CFO resigns ahead of full-year results announcement

Lanvin Group CFO resigns ahead of full-year results announcement

Lanvin Group announced on Tuesday the resignation of its chief financial officer, Shang Koo. David Chan, the Group's executive president, will serve as interim CFO while the luxury group searches for Koo's replacement. 
Luxury
Brand Machine Group buys London tailor Peckham Rye

Brand Machine Group buys London tailor Peckham Rye

BMG has illustrated the importance of its developing menswear ops with news that it has acquired the Peckham Rye label. And it willl make the most of its "strong sense of old-school south London cockiness".
Fashion
Hunter Boot seeks £8m cash boost, sale talks are progressing - report

Hunter Boot seeks £8m cash boost, sale talks are progressing - report

​More detail has emerged around Hunter Boot’s search for new funding with a report saying it's seeking £8 million of working capital and is in talks with financiers including Gordon Brothers.
Fashion
Proenza Schouler introduces the Bar Bag in spring 2023 campaign

Proenza Schouler introduces the Bar Bag in spring 2023 campaign

Proenza Schouler launched on Monday a spring/summer 2023 campaign, featuring models Kendall Jenner and Selena Forrest, as well as the musician, Arca. 
Luxury
Australian fashion week to take place May 15

Australian fashion week to take place May 15

IMG announced on Tuesday its lineup of designer runway shows and programming for Afterpay Australian Fashion Week (AAFW): The Experience, taking place from May 15 – 19 at Sydney's Carriageworks. 
Fashion
Gucci's challenge: reigniting heat while boosting timeless appeal

Gucci's challenge: reigniting heat while boosting timeless appeal

Sabato De Sarno needs to spark heat with a new direction at Guicci, analysts say - a delicate task, given the emphasis executives have also put on the label's timeless appeal.
Luxury
Matchesfashion gets £60m cash injection from owner

Matchesfashion gets £60m cash injection from owner

​Matchesfashion’s owner Apax partners has agreed a £60m funding package for the luxury retailer as it continues to work on its turnaround. The new package comprises £40m of equity and £20m of additional debt.
Luxury
Mila Schön names Marc Audibet creative director in major investment plan

Mila Schön names Marc Audibet creative director in major investment plan

Famed Milanese fashion house Mila Schön has named Marc Audibet to be its new creative director in major investment plan to relaunch the brand, backed by new Italian investors.
Fashion
Bottega Veneta opens new boutique in Palisades Village, Los Angeles

Bottega Veneta opens new boutique in Palisades Village, Los Angeles

After the opening of its store in Melrose Place, West Hollywood, the Italian luxury label is now opening at Pacific Palisades neighborhood. This is the second luxury brand to enter the Palisades Village shopping center.
Luxury
Aelis, Juana Martín and Imane Ayissi's contemporary craftsmanship

Aelis, Juana Martín and Imane Ayissi's contemporary craftsmanship

The last day of Paris Haute Couture Week saw exquisite collections from several international brands, ranging from minimalist and artisanal collections, to Flamenco and African-inspired ones. 
Luxury
Saks strengthens men's business online and in-stores

Saks strengthens men's business online and in-stores

Saks is doubling down on its commitment to its men's business starting with an updated in-store men’s shopping experience and expanded online menswear assortment.
Fashion
Prada appoints former Luxottica chief Guerra as new CEO

Prada appoints former Luxottica chief Guerra as new CEO

Italian fashion group Prada said on Friday it appointed former Luxottica chief Andrea Guerra as its new chief executive officer, taking the place of Patrizio Bertelli and Miuccia Prada as planned.
Luxury